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http://dx.doi.org/10.12939/FBA.2022.53.1.055

Comparative Analysis of Import Substitution Relations of Frozen Squid Demand -Focused on The Rotterdam Model and The Almost Ideal Demand System-  

Woo, Kyeong-Won (Department of Resource and Environmental Economics, Graduate School, Pukyong National University)
Shin, Yong-Min (Major of Resource and Environmental Economics, Division of Marine & Fisheries Business and Economics, College of Fisheries Sciences, Pukyong National University)
Publication Information
The Journal of Fisheries Business Administration / v.53, no.1, 2022 , pp. 55-72 More about this Journal
Abstract
The domestic catch of squid is decreasing every year. Import volume is increasing to replace these domestic products. Import volume is expected to increase in the future, so it is necessary to study import substitution. Therefore, in this study, after selecting frozen squid, which accounts for the majority of imported squid, as the target fish species, China, Chile and Peru, which account for the majority of frozen squid imports, will be selected as the target countries for analysis. Then, the demand function of squid is estimated using the Rotterdam model, the inverse Rotterdam model, AIDS and inverse AIDS, which are the simultaneous equation demand types, and then elasticity is derived. After that, these models are compared in terms of significance, theoretical fit and practical fit.
Keywords
Rotterdam Demand Model; Inverse Rotterdam Demand Model; Almost Ideal Demand System (AIDS); Inverse Almost Ideal Demand System (IAIDS); Frozen Squid;
Citations & Related Records
Times Cited By KSCI : 1  (Citation Analysis)
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